Bitcoin Well Explains: The Dangers of Bitcoin Exchanges
"Can't I just leave it on the exchange?" Every Bitcoin beginner asks this. This video answers it directly and permanently. Mt. Gox lost 850,000 Bitcoin. FTX vaporized $8 billion overnight. Bybit lost $1.4 billion in a single hack last year — the largest theft in crypto history. Different decades, different countries, different excuses. Same outcome every time. The people who held their own keys were safe. Everyone else learned a painful lesson.
This video covers paper Bitcoin, rehypothecation, altcoin contagion, regulatory freezes, social engineering attacks, the withdrawal pause signal, and why Bitcoin Well's non-custodial model sidesteps every single one of them.
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